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Dublin homeowners have built serious equity over the past decade. A reverse mortgage lets you tap that equity without selling or making monthly payments.
Bankrate flagged rates climbing to 6.19% this week on geopolitical tension. For reverse mortgage borrowers, that rate environment affects how much equity you can access at closing.
62 years old
Minimum Age
None required
Monthly Payments
HECM (FHA-backed)
Loan Type
Due at sale or vacate
Loan Repayment
HUD counseling first
Required Step
You must be 62 or older to qualify. The home must be your primary residence — investment properties don't work here.
Lenders check that you can cover property taxes, insurance, and basic maintenance. Fail that test and the loan won't close.
Most reverse mortgages are HECMs — Home Equity Conversion Mortgages — backed by FHA. A handful of private jumbo reverse products also exist for higher-value homes.
Not every lender offers reverse products. At SRK CAPITAL, we work with 200+ wholesale lenders, including those specializing in reverse programs across Alameda County.
HUD requires independent counseling before any HECM closes. Budget time for that step — it's mandatory, not optional.
Borrowers with a non-borrowing spouse under 62 need special attention. Structuring that deal wrong creates real risk if the borrowing spouse dies first.
A HELOC gives you a credit line too, but requires monthly payments and good qualifying income. A reverse mortgage skips both of those requirements.
Home Equity Loans give you a lump sum but add a monthly payment. For fixed-income seniors in Dublin, that payment can strain a tight budget.
Dublin sits in the Tri-Valley, where home values have climbed sharply. Higher home values generally mean more equity to access through a reverse mortgage.
Alameda County property taxes are a real number. Lenders will scrutinize your ability to keep paying them — have that figure ready before you apply.
No. You keep the title and stay in the home. The loan only comes due when you sell, move out, or pass away.
HECM loans are non-recourse. You or your heirs never owe more than the home is worth at sale.
Yes. A HECM for Purchase lets you buy a primary residence using reverse mortgage proceeds. It's an underused option.
A non-borrowing spouse under 62 can stay in the home after the borrower dies, but they can't access additional funds.
You choose: lump sum, monthly payments, a line of credit, or a combination. Each option has different long-term tradeoffs.
Generally no — loan proceeds aren't taxable. Consult a tax advisor for your specific situation.
Reverse Mortgages in Dublin